News: Brokerage

Simone Development arranges 17,000s/f of leasing activity at 1733 Eastchester Road

Simone Development Companies arranges two new leases at 1733 Eastchester Road, a freestanding medical office building. DaVita Inc., a leading national provider of dialysis and other kidney care services, leased 10,000 s/f of space, and Advanced Access Medical Care, a specialist in nephrology and hypertension, leased 7,000 s/f. In addition to the leased space, 1733 Eastchester Road offers 10,000 s/f of medical/office space in this prime location. Joseph Simone, president of Simone Development Companies, made the announcement. "This is a stellar location for medical uses, given its proximity to major hospitals as well as public transportation," said James MacDonald, director of leasing for Simone Development Companies. "Given this recent burst of activity, and the interest we've had in the remaining space, I wouldn't expect this availability to remain much longer." Montefiore Medical Center previously occupied 1733 Eastchester Road, and will be consolidating into the brand new, custom built Tower 2 at Simone's Hutchinson Metro Center, located nearby. Simone took the opportunity created by the impending availability to update the common areas of 1733 Eastchester Road before marketing the property to potential tenants. Simone frequently accommodates its tenants' needs for expansion and consolidation within its expansive portfolio. MacDonald represented Simone Development Companies in the transactions. The tenants negotiated on their own behalf, without brokers.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking